Tips On How to Become Financially Stable and Staying Out of Debt

With the possibility of a strike looming over our heads, I thought I would share some of the materials that I found useful to help me become financially stable and lift me out of debt. Granted, I’m not completely there yet, but I have made great strides with the help of the books and websites listed below. I think these materials could be useful to some of us who struggle to make ends meet every day, week after week, month after month – especially if we are living on our paychecks from one month to the next without any savings tucked away for emergencies, such as being out of work for a while.

Some of the materials I’ve listed are self-help and do-it-yourself, and believe me, they are only a drop in the bucket in comparison to what I’ve read, but they are some of the better ones that seemed to give me the most support when trying to get a nickel’s worth of goods out of a penny.

I am a single woman approaching retirement age, so naturally some of the books are specifically aimed toward women and finance, and a few toward the older woman. But I think you will find that most of them are helpful to anyone at any age. Barbara Stanny is strictly devoted to helping women in the workplace become financially stable, but Suze Orman and Yahoo! are geared toward whomever whenever.

So, if you are in debt and want to get out or just want to learn how to stash a little more away for a cushion in hard times, you can find these books in the library on campus or through Summit or Inter Library Loan. If you work for the University of Oregon, you have library privileges – make good use of them! You have access to libraries in Oregon, Washington and Idaho through the Summit Consortium of lending libraries and you have inter-library loan privileges from libraries anywhere in the world – AND IT’S ALL FREE! All you need is your official UO ID card and voila! The world is yours!

At the Science Library you can check out games and gaming units such as the Wii, X-Box 360, PS-3, PS-2, Nintendo DS in regular and 3-D. And there’s a slew of other stuff, too, such as Nintendo 64, WiiU games, a mini projector, a DVD writer, science oriented educational DVDs, dance pads, Guitar Hero guitars, and Rock Band equipment. Most of it checks out for 60 hours – that’s two and a half days. The Science Library also has laptops to loan for four hours at a time. And don’t forget all those wonderful science oriented topics in the 100,000 books that live in the Onyx Bridge Hall basement!

So don’t be strangers to your libraries when there is so much free entertainment at your fingertips. It’s just another way you can save a penny here and there. And the kids will love it! Happy reading, enjoy your libraries, and good fortune!

Websites:

Yahoo Finance A wealth of information for everyone.

Barbara Stanny Barbara is the leading authority of women and money.

Suze Orman Suze is your personal finance guru. She also has a TV program, appears in specials on PBS, and has published many personal finance books, one I know exclusively for women.

Book List:

  • Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence by Joe Dominguez and Vicki Robin
    • Psychology; personal finance
  • The New Frugality: How to Consume Less, Same More, and Live Better by Chris Farrell
    • Do It Yourself
  • Frugal Luxuries: Simple Pleasures to Enhance Your Life and Comfort Your Soul by Tracey McBride
    • Do It Yourself
  • Drive: The Surprising Truth About What Motivates Us by Daniel Pink
    • Psychology
  • Pay It Down: From Debt to Wealth on $10 a Day by Jean Chatzky
    • Personal finance
    • I found this to be the most helpful for getting out of debt of all the books I read
  • Get a Life: You Don’t Need a Million To Retire Well by Ralph Warner
    • Self-help
  • Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age by David Bach
    • Personal finance; financial security
  • Live Well on Less than You Think: The New York Times Guide to Achieving Your Financial Freedom by Fred Brock
    • Personal finance
  • Smart Women Finish Rich: 7 Steps To Achieving Financial Security and Funding Your Dreams by David Bach
    • Women; personal finance; financial security; investing
  • Money & Happiness: A Guide to Living the Good Life by Laura Rowley
    • Personal finance
  • Personal Finance for Dummies, 2nd ed.: A Reference for the Rest of Us by Eric Tyson
  • Money Rules: The Simple Path to Lifelong Security by Jean Chatzky
  • The Everything Get Out of Debt Book: Evaluate Your Options, Determine Your Course of Action, and Make a Fresh Start by Cheryl Kimball
  • The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All by Joanneh Nagler
    • Personal finance
    • This is another book that I found truly helpful for everyday living
  • You Can Buy Happiness (and it’s cheap): How One Woman Radically Simplified Her Life and How You Can Too by Tammy Strobel
    • Personal finance; downsizing
  • Unbalanced Accounts: How Women Can Overcome Their Fear of Money by Annette Lieberman and Vicki Lindner
    • Self-help; personal finance; women
  • Unlimit Your Life: Setting & Getting Goals by James Fadiman
    • Goal setting; success
  • Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg
    • Biography; women; leadership; women executives

Article by Avis Traver, Hardstrike Committee Member

SEIU Local 503 Sublocal 085: University of Oregon
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